America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters The United States faces a growing $35 trillion national debt crisis that neither major presidential candidate is addressing honestly. Budget expert Brian Riedl, in an analysis for the Manhattan Institute, outlines potential solutions to stabilize federal borrowing and prevent a debt crisis. These solutions involve a combination of tax increases, spending cuts, and benefit reductions, which are politically unpopular but necessary. Riedl suggests that the U.S. doesn’t need to eliminate its entire debt, but rather maintain it at around 100% of GDP. The analysis highlights that higher taxes on the wealthy will be inevitable, given the concentration of wealth among the top 1% of earners. However, politicians avoid discussing these tough choices due to their potential negative impact on voter support. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Pandemic Savings Depleted: Economic Uncertainty Looms as American Debt Rises READ MORE Yen Predicted to Weaken to Lowest Since 1986 Amid Rate Disparities READ MORE ZeroHedge: Two Cheers for Vivek Ramaswamy's Commentary on the Fed READ MORE Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE "Gold Price at $3000 by 2025: Don't Rule It Out" Alan Hibbard on Analyst Targets READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment